Dan, who succeeded Jim Webster as president, will continue in his capacity as coordinator of institutional research, as well as assist the soon to be named President of Gabelli & Company, Inc.

Daniel Miller joined Gabelli & Company, Inc. in 2002, and was responsible for overseeing the research and client relationships of the institutional services business shortly thereafter. Over the past decade, he led a major growth initiative that included significant enhancements to the professional staff of analysts, traders and salespeople who contribute to a highly regarded research effort. Gabelli & Company has ranked near the top of the Wall Street Journal's "Best on the Street" survey in each of the past three years.

In addition to his role at Gabelli & Company, Mr. Miller is the Portfolio Manager of the Gabelli Focus Five Fund, a concentrated best ideas strategy launched in January, 2012, and a Managing Director of GAMCO Asset Management. Mr. Miller is a Magna Cum Laude graduate of the University of Miami in Coral Gables, Florida.

Gabelli & Company, Inc. has been conducting a search for a replacement for Mr. Miller's role.

GAMCO Investors, Inc. (NYS: GBL) , through its subsidiaries, manages assets of private advisory accounts (GAMCO), mutual funds and closed-end funds (Gabelli Funds, LLC), and partnerships and offshore funds (Investments Partnerships) and is known for its Private Market Value with a Catalyst™ style of investment. Gabelli & Company, Inc., an institutional research and brokerage firm, is a subsidiary of GAMCO Investors, Inc.